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20130423
20130423
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CSPAN
Apr 23, 2013 5:00pm EDT
growth in spending. we said we would raise the debt ceiling $2.1 trillion, but we would promise immediately -- which has almost already been spent, we've run up that many debt since august 2011, another $2 trillion -- but in addition we would reduce spending by $2.1 trillion. the sequester involved $1.1 trillion of that, if the committee didn't reach an agreement it would have specified cuts across the board. they're not wise cuts, h. we shouldn't have done it that way. but it was a reasonable amount of money for sure. so in the budget that was passed or the budget control act that was passed, spending would have gone up from a flat $37 trillion over ten years $45 trillion over ten years instead of going up to $47 trillion over ten years. so the growth would be from $37 trillion to $45 trillion and not $37 trillion to $47 trillion. now, that's not a real cut in spend pg. it is a reduction in the growth in spending. now, the sequester comes along and we've proposed many solutions where we could alter these cuts, give flexibility to the cuts so they don't be as sharp and as unwise as the sequester called for. and as long as the spending stays within that level. and we also agreed that the president -- and the president signed it and it was
CSPAN
Apr 23, 2013 9:00am EDT
better way to go forward with our efforts to reduce the debt. i think that's reasonable, would be fair and give us time to do something. certainly with the debt ceiling coming up and other major issues that we have to deal with here, i think we should lessen not only the impact of the problems we have at airports around america, but also, mr. president, we also should have to focus on -- i repeat -- little boys and girls, old men and women who are losing meals on wheels, their only hot meal of the day. so i think we should do that, mr. president, look at this sequestration, take a time-out. i would now recognize that my friend from north dakota is going to give her maiden speech, and we're all anxious to hear what she has to say. mr. heitkamp: mr. president? the presiding officer: the senator from north dakota. mr. heitkamp: first off, i want to thank all of my colleagues who came here today to watch my perform my first, or offer my first speech on the floor of the united states senate. it's a great group, and it's a bipartisan group, and i think that our new class is exactly that
Search Results 0 to 1 of about 2